Do you have a withdrawal cap?

Created by Sebastian Anthony, Modified on Tue, 18 Feb at 1:33 PM by Sebastian Anthony

Overflow

To ensure a prompt and efficient payout service to all our traders, we implement an overflow feature which works as follows:

You are entitled to a maximum withdrawal of $10,000 per two withdrawal cycles (per trader). If you profit more than $10,000, you will be given the maximum of $10,000. As you scale your account, the max withdrawal scales proportionally. If you are trading on multiple accounts, your accounts will treated as the same account. With the time between withdrawals being calculated with respect to the first account. The withdrawal cycle will be based on the account with the first withdrawal. 


Example: If you have a $100,000 account and you profit $8,000 first withdrawal and $6,000 second withdrawal You will be eligible to withdraw a total of $10,000. Your next two withdrawal cycles you will be eligible to withdraw $10,000 total. Your account balance will reset back to $100,000 after both withdrawal cycles. 


Profit Exceeding $5,000

If your total profit exceeds $5,000, your best trading day (day counted between two singular trades, with not 24h between closing trade 1 and opening trade 2) or singular trade (a singular trade can be made up of multiple trades entered at the same time) may not exceed 50% of your profit in the funded stage payout cycle. If you do exceed the 50%, the profits made will be contracted to the 50% mark. 


After exceeding $5,000 in payouts, you must participate in a risk interview with one of our analysts. We understand that life happens, so we allow you the flexibility to cancel your scheduled interview once. However, you must attend the rescheduled interview. If you fail to attend and participate in your interview, your payout will not be processed. You have two weeks from receiving the invitation to book and attend the interview. Interviews of traders with less than $5,000 in profit may be conducted randomly or at Maven's discretion.



Example: Lets say you have a $100,000 account, in day 1 you make $5,000, day 2 you make $3,000. Your total balance is now $108,000. Your total withdraw before split will be $6,000. You also have the choice to continue trading to ensure none of your trading days are more than 50% of your total profits. If on one trade you make $10,000. If you choose to withdraw the amount you withdraw before split will be $5,000.


Max Lifetime Withdrawals?


After having profits of $100,000 (over the course of all challenges), you have successfully graduated from the Maven program, every time you scale an account, the max withdraw scales along with it. 

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